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BTCUSD

Gary Gensler, the chair of the SEC, has posted a thread on X discussing key considerations for potential investors in crypto assets. He likely provided insights into the risks and regulatory aspects associated with investing in cryptocurrencies.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 3:44 pm

SPY

President Joe Biden is not considering the dismissal of Defense Secretary Lloyd Austin, despite Austin's failure to inform the White House about his emergency hospitalization. Senior administration officials have stated that Biden would not accept Austin's resignation if offered and emphasized Biden's loyalty and preference for continuity in his cabinet. The support for Austin remains strong even amid Republican calls for his firing, following his hospitalization at Walter Reed National Military Medical Center due to complications from an undisclosed surgery.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 3:40 pm

PFE

The European Commission has approved Pfizer's TALZENNA in combination with XTANDI for treating adult patients with metastatic castration-resistant prostate cancer (mCRPC) where chemotherapy is not clinically indicated. This makes TALZENNA the first and only PARP inhibitor approved in the EU for use with XTANDI for mCRPC patients. The approval is based on the Phase 3 TALAPRO-2 trial results, which showed a significant reduction in disease progression or death risk. TALZENNA is also approved in the U.S. for mCRPC in combination with XTANDI.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 3:35 pm

PTN

Palatin Technologies, Inc. provided a corporate update, highlighting its strategic priorities for 2024, including clinical development milestones. The company completed the sale of Vyleesi to Cosette Pharmaceuticals for up to $171 million, with $12 million upfront and up to $159 million in sales-based milestones. Palatin is focusing on melanocortin receptor system modulators, with Phase 3 data for Dry Eye Disease expected in early Q1 2024, Phase 2 data for Ulcerative Colitis in Q1 and Q2 2024, and Phase 2 studies for obesity and male sexual dysfunction starting in Q1 2024.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 3:34 pm

BA

Boeing has shared inspection criteria for the Max 9 aircraft with airlines, providing them with instructions on how to inspect their fleets. This information, reported by Reuters, is crucial for airlines to ensure the safety and airworthiness of their Boeing Max 9 planes.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 3:27 pm

LAES

WKEY

WISeKey International Holding Ltd. (WKEY) and its subsidiary SEALSQ Corp (LAES) will showcase their security services and semiconductors at CES 2024. They will focus on compliance with the Matter Protocol for smart homes, the US Cyber Trust Mark, and solutions for the Electric Vehicle charging market. SEALSQ offers Device Attestation Certificates and FIPS Certified Secure Elements compatible with Matter Protocol. WISeKey's Root CA is approved by the CSA for Matter device attestation. SEALSQ also provides services for IoT manufacturers to comply with the US Cyber Trust Mark. WISeKey has an install base of over 1.5 billion microchips and offers secure authentication and identification for IoT, Blockchain, and AI.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 3:09 pm

AMZN

EADSF

EADSY

GOOG

MSFT

ORCL

PFE

Global tech giants Amazon, Google, and Microsoft are expanding in Saudi Arabia due to a government mandate requiring companies to establish regional headquarters in the country to be eligible for state contracts. This is part of Crown Prince Mohammed bin Salman's economic strategy to reduce 'economic leakage'. Other companies like Airbus, Oracle, and Pfizer have also obtained licenses for setting up regional HQs in Riyadh. The policy aims to transform Saudi Arabia into a tourism and commercial hub, potentially rivaling Dubai. There is some confusion over the application of these rules, and over 200 firms have received HQ licenses. Amazon's stock traded higher by 1.64% and Microsoft's by 0.74% on the last check Monday.

Portfolio Pulse from Anusuya Lahiri

January 08, 2024 | 3:05 pm

SONY

Sony Group Corp (NYSE:SONY) is considering withdrawing from a merger deal with Zee Entertainment Enterprises Ltd due to disagreements over leadership roles. The initial agreement had Zee's CEO Punit Goenka leading the merged entity, but Sony has changed its stance amid Zee's regulatory issues. Sony plans to file a termination notice before the January 20 deadline, as certain conditions for the merger have not been met. Discussions are ongoing, and a resolution is possible before the deadline. Sony's stock saw a slight increase of 0.25% to $91.45.

Portfolio Pulse from Lekha Gupta

January 08, 2024 | 2:59 pm

JNJ

Johnson & Johnson (JNJ) has agreed to pay $700 million to settle a probe by multiple states into the marketing of its talc-based products. The investigation focused on allegations that the company did not adequately disclose potential cancer risks associated with its talc products. This settlement resolves the legal uncertainties surrounding JNJ's talc marketing practices.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 2:52 pm

MULN

Mullen Automotive, Inc. has submitted a Concept Paper to the DOE for grant funding to support domestic battery materials processing. The company plans to produce 150,000 battery packs by 2032 and seeks a $50 million grant for capital investment in its new Fullerton, California facility. This initiative is part of a broader $3.5 billion program to strengthen U.S. battery material manufacturing and aims to reduce battery costs by over 20%, enhancing Mullen's competitiveness in the EV market.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 2:46 pm